Tinkler’s racing staff to keep jobs

Employees of Nathan Tinkler's racing business will keep their jobs after liquidators of Patinack Farm Administration said the company had agreed to pay their wages.

There was speculation more than 200 jobs could have been in jeopardy following a Federal Court ruling in Adelaide ordering the liquidation of the company.

Anthony Matthews & Associates, the company charged with the liquidation process, issued a statement on Thursday saying all employees will be given updates in regards to entitlements.

"I advise that I have received confirmation from the directors of the company that they wish to preserve the employment of all staff and to provide funds to meet their ongoing wages and entitlements," liquidator Anthony Matthews said in the statement.

"I have been further advised by the directors that it is their intention to discharge all debts owing to creditors."

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Patinack Farm Administration, an arm of Tinkler's racing empire, was the subject of legal action brought by creditor WorkCover South Australia claiming almost $17,000 in unpaid monies.

Earlier this month Patinack Farm announced the closure of its 50-box Melbourne stable.

It also confirmed chief executive Peter Beer had been released from his employment contract as part of the downsizing of its racing business.

The stable closure and the departure of Mr Beer came shortly after it was revealed that Sydney and Melbourne race clubs had held back hundreds of thousands of dollars in prizemoney won by Patinack Farm horses to offset the operation's racing debts.

The debts relate to unpaid stable and track fees as well as sponsorship arrears.